BBC NEWS Americas Africa Europe Middle East South Asia Asia Pacific Arabic Spanish Russian Chinese Welsh
BBCi CATEGORIES   TV   RADIO   COMMUNICATE   WHERE I LIVE   INDEX    SEARCH 

BBC NEWS
 You are in: World: South Asia
Front Page 
World 
Africa 
Americas 
Asia-Pacific 
Europe 
Middle East 
South Asia 
-------------
From Our Own Correspondent 
-------------
Letter From America 
UK 
UK Politics 
Business 
Sci/Tech 
Health 
Education 
Entertainment 
Talking Point 
In Depth 
AudioVideo 


Commonwealth Games 2002

BBC Sport

BBC Weather

SERVICES 
Monday, 24 September, 2001, 12:34 GMT 13:34 UK
US Pakistan sign debt deal

An agreement to reschedule Pakistan's nearly four-hundred million dollars of debt to the United States has been signed in Islamabad.

The American ambassador, Wendy Chamberlin, said it gave Islamabad some breathing space.

The deal defers payment for between three and ten years.

Ms Chamberlin said Washington is also seriously considering lifting sanctions imposed after the military coup in Pakistan two years ago.

On Sunday, the US administration lifted the economic sanctions it imposed on Pakistan and India after their nuclear tests in 1998.

Correspondents say the latest move is widely seen as part of a package to reward Pakistan for its pledge to support Washington in its campaign against Osama bin Laden.

From the newsroom of the BBC World Service

Links to more South Asia stories are at the foot of the page.


E-mail this story to a friend

Links to more South Asia stories